Segmentation, Major Trends, and Competitive Analysis of the Pesticide and Other Agricultural Chemicals Market

The pesticide and agricultural chemicals sector is positioned for significant expansion in the coming years, driven by evolving environmental concerns and advancements in agricultural technology. This report provides an overview of the market's anticipated growth, key players, emerging trends, and detailed segment analysis, offering valuable insights into this essential industry.

Projected Market Size and Growth Outlook for the Pesticide and Other Agricultural Chemicals Market
The global pesticide and other agricultural chemicals market is forecasted to reach a valuation of $156.05 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.4%. This anticipated growth is fueled by various factors such as stringent environmental regulations, the increasing adoption of biological and organic agricultural solutions, heightened attention to population health and food safety, shifts in crop patterns, and the effects of climate change. Key trends expected to influence this market include the rise of digital agriculture platforms, advances in precision farming technologies, ongoing technological innovations, as well as the growing use of biological pesticides and agtech solutions.

Download a free sample of the pesticide and other agricultural chemicals market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2899&type=smp

Leading Corporations Driving the Pesticide and Agricultural Chemicals Industry
Several prominent companies dominate the pesticide and agricultural chemicals landscape, including Mitsui Chemicals Inc., BASF SE, Marubeni Corporation, Bayer AG, Nutrien Ltd., Syngenta AG, Sumitomo Chemical Co. Ltd., Corteva Inc., China National Chemical Corporation, DuPont de Nemours Inc., Nippon Soda Co. Ltd., and Bharat Rasayan Limited. Additional key players include Sinochem International Corporation, FMC Corporation, Adama Agricultural Solutions, Nufarm Limited, Nissan Chemical Corporation, Arysta Lifescience Corporation, PI Industries Ltd., Meghmani Organics Limited, Crystal Crop Protection Pvt. Ltd., Gowan Co. LLC, Isagro S.p.A., Rallis India Limited, Albaugh LLC, UPL Limited, Rotam Agrochemical Company Ltd., Wynca Group, Insecticides India Limited, Drexel Chemical Co. Inc., and Willowood Limited.

Strategic Acquisition to Enhance Sustainable Agricultural Solutions
In February 2023, Sumitomo Chemical Co., Ltd., a Japan-based chemical firm, completed the acquisition of FBSciences Holdings Inc. for an undisclosed sum. This move aims to strengthen Sumitomo's portfolio in biorational products, particularly biostimulants and biopesticides, aligning with its commitment to sustainable agriculture and carbon neutrality by 2050. FBSciences Holdings Inc., headquartered in the United States, specializes in plant healthcare technologies, offering innovative biostimulant and biopesticide products designed to boost crop health and yield while minimizing environmental impact.

View the full pesticide and other agricultural chemicals market report:
https://www.thebusinessresearchcompany.com/report/pesticide-and-other-agricultural-chemicals-global-market-report

New Product Developments Addressing Pest Resistance in the Market
Top companies in the pesticide and agricultural chemicals sector are focusing on creating advanced agrochemical formulations to combat rising pest resistance and improve crop protection. A notable example occurred in September 2023, when ADAMA Ltd., an Israeli chemical company, introduced its first generic chlorantraniliprole insecticides in India, branded as Cosayr and Lapidos. Cosayr is a foliar insecticide targeting pests such as stem borers and leaf folders affecting rice crops, while Lapidos is a granular formulation aimed at safeguarding crops during early growth phases. This product launch highlights ADAMA's commitment to enhancing crop productivity and pest control through its "Core Leap" strategy, which emphasizes the use of off-patent active ingredients manufactured in-house.

Comprehensive Market Segmentation for Pesticide and Agricultural Chemicals
The pesticide and other agricultural chemicals market is segmented by type, origin, and application areas to provide a detailed understanding of the industry:
1) By Type:
- Herbicides
- Insecticides
- Fungicides
- Other Pesticide and Agricultural Chemicals
2) By Origin:
- Synthetic
- Bio-Based
3) By Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Other Applications

Further breakdown includes:
- Herbicides subdivided into pre-emergent, post-emergent, selective, and non-selective types
- Insecticides categorized as organophosphate, pyrethroid, neonicotinoid, and biological types
- Fungicides grouped into contact, systemic, biofungicides, and multi-site fungicides
- Other pesticides covering rodenticides, nematicides, molluscicides, and plant growth regulators

This segmentation provides a clear framework for understanding the diverse products and their specific uses within the agricultural sector.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.